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UID:www.tcs.tifr.res.in/event/453
DTSTAMP:20230914T125925Z
SUMMARY:Resource Allocation Games and Pricing in Complex Priority Systems
DESCRIPTION:Speaker: Rajat Talak (Indian Institute of Technology\nDepartmen
 t of Electrical Engineering\nPowai\nMumbai 400076)\n\nAbstract: \nAbstract
 : Differentiated service is typically provided to customers by offering di
 fferent grades of service at different prices. We first consider a simpl
 e system with heterogeneous customers that are type indexed by $v$. In thi
 s system\, a customer chooses one of a continuum of service grades that th
 e server provides. Higher service grades are priced higher by the server. 
 Different customers value paying this price differently\, which is describ
 ed by an arbitrary weighting function that is decreasing in $v$. We show t
 hat at Nash equilibrium\, the revenue to the service provider is independe
 nt of how the server chooses to price different service grades.\n\nNext we
  consider a complex system where a customer has to choose two priority par
 ameters instead of one in simple systems. The service provider uses comple
 x scheduling to provide a grade of service that is a function of the two p
 arameters\; higher values of the parameters provide better service grades.
  The two priority parameters have different cost functions that are increa
 sing in the value of the parameter. Further\, the two parameters are weigh
 ted differently by different types of customers with one of them having we
 ights increasing while the other decreasing in v. We analyze the Nash equi
 librium when customers are selfish in such a complex system and character
 ize the QoS for each customer type at Nash equilibrium. We then consider p
 ricing the services to maximize the revenue for the service provider in an
  example system. Examples from diverse domains will show that the results 
 are very general.\n
URL:https://www.tcs.tifr.res.in/web/events/453
DTSTART;TZID=Asia/Kolkata:20140205T160000
DTEND;TZID=Asia/Kolkata:20140205T170000
LOCATION:D-405 (D-Block Seminar Room)
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